4 Required information Exercise 4-8 (Algo) Computing ABC Product Costs (L04-2, LO4-3) The following information applies to the questions displayed below) Performance Products Corporation makes two products, titanium Rims and Posts. Data regarding the two products follow Part 1 of 2 214 points Direct Labor Hours per unit 0.40 0.70 Annual Production 18,000 units 17.00 units Rins Posts etbook Additional information about the company follows: References a. Rims require $14 in direct materials per unit, and Posts require $11. b. The direct labor wage rate is $15 per hour c. Rims are more complex to manufacture than Posts and they require special equipment d. The ABC system has the following activity cost pools Estimated activity Posts 30 Activity Cost Pool Machine setups Special processing General factory Activity Measure Number of setups Machine hours Direct labor-hours Estimated Overhead Cost $ 30,030 $147,840 $ 576,000 Rie 120 2,000 7.200 Total 200 2,00 61,100 53,900 4 ***MULTIMUI. b. The direct labor wage rate is $15 per hour c. Rims are more complex to manufacture than Posts and they require special equipment. d. The ABC system has the following activity cost pools: Part 1 of 2 Estimated Activity Posts 80 14 Activity Cost Pool Machine setups Special processing General factory Estimated Overhead Cost $ 30,030 $ 147,840 $ 576,000 Activity Measure Number of setups Machine-hours Direct labor. hours Rims 120 2,000 7,200 Total 200 2,000 61,100 ants 53,900 eBook Exercise 4-8 (Algo) Part 1 Print eferences Required: 1. Compute the activity rate for each activity cost pool. (Round your answers to 2 decimal places.) Activity Cost Pool Machine setups Special processing General factory $ $ Activity Rate 150 15 per setup 73.92 per MH per DLH